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Battery Giant LG Chem Prepares to Lock In Mineral Supplies (yahoo.com), page-21

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misguided

459 Posts.

79

17/02/23

09:40

Post #: 66302740
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Originally posted by JBT999: ↑

What the above article is alluding to imo is that Auz have missed the boat once again, LG will just let time ride out on Auz.

LG Chem have just inked a binding offtake with Piedmont Lithium, the deal announced this morning by Piedmont has an equity value of 75million with LG taking a 5.7% holding of Piedmonts common shares.

LG really are focusing on those companies who are in the best positions to deliver required minerals for EV and Energy Storage, unfortunately given Auz Mines track record it would seem LG will pass them by and for good reasons, why would anybody want to do business with a company that has deceived hundreds if not thousands of shareholders and have already fallen foul to one if the biggest battery company's in the world in SK Innovations.

The coffin is ready just need to dig the hole, onething in favour of the company there are a few here who like digging holes for themselves maybe they can help with the digging and I will be happy to supply the nails for the lid once it's closed.

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Agreed. LG clearly wants near term producers. AUZ isnt even close.

Not financial advice.

AUZ Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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